Home > Salary > Latvia > Senior Actuary
A senior actuary is a highly skilled professional who specializes in assessing and managing financial risks for insurance companies, consulting firms, or government agencies. They use mathematical and statistical models to analyze data and make predictions about future events, such as mortality rates, accident frequencies, or investment returns. Senior actuaries play a crucial role in determining insurance premiums, designing pension plans, and evaluating the financial stability of insurance companies.
Their responsibilities include conducting complex risk assessments, developing pricing models, and providing guidance on strategic planning and decision-making. They also collaborate with other professionals, such as underwriters, investment managers, and executives, to ensure the financial health and profitability of their organizations. Strong analytical skills, attention to detail, and the ability to communicate complex concepts in a clear manner are essential for success in this occupation.
Estimated Yearly Salary: 52,346 EUR
Estimated Monthly Salary: 4,362 EUR
Estimated Weekly Salary: 1,007 EUR per week
Estimated Hourly Salary: 25 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,218 EUR
Estimated Weekly Salary: 973 EUR per week
Estimated Hourly Salary: 24 EUR per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 52,317 USD
Estimated Monthly Salary: 4,360 USD
Estimated Weekly Salary: 1,006 USD per week
Estimated Hourly Salary: 25 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
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Estimated Yearly Salary: 52,346 EUR
Estimated Monthly Salary: 4,362 EUR
Estimated Weekly Salary: 1,007 EUR per week
Estimated Hourly Salary: 25 EUR per hour
By working as Senior Actuary a person can save up to 3,500 USD per month or 41,997 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Senior Actuary
Last revision of data: 2025-01-04
Data as of 2025
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Senior Actuary salary in Latvia
Average Yearly Salary of Senior Actuary in Latvia is approximately 52,346 EUR (52,317 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Senior Actuary do?

Skills: Senior Actuary, Risk Assessment, Financial Modeling, Insurance Pricing, Pension Planning, Data Analysis
Job industry: Insurance
Job industry: Insurance
How much does Senior Actuary make?
Salary details
How much does Senior Actuary make?Estimated Yearly Salary: 52,346 EUR
Estimated Monthly Salary: 4,362 EUR
Estimated Weekly Salary: 1,007 EUR per week
Estimated Hourly Salary: 25 EUR per hour
Comparing salary to last year:
Estimated Yearly Salary: 50,620 EUREstimated Monthly Salary: 4,218 EUR
Estimated Weekly Salary: 973 EUR per week
Estimated Hourly Salary: 24 EUR per hour
Senior Actuary estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 52,317 USD
Estimated Monthly Salary: 4,360 USD
Estimated Weekly Salary: 1,006 USD per week
Estimated Hourly Salary: 25 USD per hour
Difference in salary year over year or average salary increase is approximately
About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuary job salary compared to average salary in Latvia.
Comparison shows that a person working as Senior Actuary in Latvia earns on average:
2.68 times the average salary (or 268% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuary job salary compared to average salary in Latvia.
Comparison shows that a person working as Senior Actuary in Latvia earns on average:
2.68 times the average salary (or 268% of average salary).
Is Senior Actuary a well paid job?
Yes, our data show that Senior Actuary is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Senior Actuary?
High salary for Senior Actuary would be somewhere between 57,581 EUR and 75,902 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuary in Latvia?
Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 52,346 EUR
Estimated Monthly Salary: 4,362 EUR
Estimated Weekly Salary: 1,007 EUR per week
Estimated Hourly Salary: 25 EUR per hour
By working as Senior Actuary a person can save up to 3,500 USD per month or 41,997 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Senior Actuary
Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
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(224,317 EUR per year, pre-tax.)
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6. Urologist
(170,871 EUR per year, pre-tax.)
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(169,943 EUR per year, pre-tax.)
Random salary:
Account representative (20,803 EUR per year, pre-tax.)
Relationship manager (20,227 EUR per year, pre-tax.)
Physician doctor physiatrist (86,710 EUR per year, pre-tax.)
Sawmill worker (7,607 EUR per year, pre-tax.)
It help desk technician (10,761 EUR per year, pre-tax.)
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Salary details displayed on this website are meant for informational use exclusively. Our data comes from various inputs and may not necessarily be accurate. Users should verify salary information independently before making financial decisions. The figures listed here may change due to factors such as company policies, experience levels, and demand shifts. We cannot warrant that the information displayed is error-free. By accessing this website, you agree that salary information is presented 'as is' and without warranties.
Salary details presented on this website are intended for informational purposes exclusively. Our data comes from various inputs and may not always be up to date. Users must cross-reference salary information independently before making financial decisions. The figures shown here may change due to factors such as company policies, experience levels, and demand shifts. We do not warrant that the information displayed is flawless. By using this website, you accept that salary information is presented 'as is' and without assurances.